Financial Performance - Total revenue for the first half of 2023 was $6.5 million, a decrease of 13.3% compared to $7.5 million in the first half of 2022[6] - Gross profit increased to $1.8 million, representing a gross margin of 28.0%, up from $1.3 million and 17.7% in the same period last year[8] - Operating expenses rose to $5.8 million, a 41.5% increase from $4.1 million in the first half of 2022[9] - The net loss attributable to shareholders for the first half of 2023 was $2.0 million, compared to a net loss of $1.7 million in the same period of 2022, resulting in a basic net loss per share of $0.22[13] - Net loss for the six months ended June 30, 2023, was $2,011,000, compared to a net loss of $1,680,000 for the same period in 2022[25] Cash Flow and Balance - Cash balance, including restricted cash, decreased by 6.0% to $60.6 million from $64.5 million at the end of 2022[6] - Cash flows from operating activities resulted in a net cash used of $3,817,000, a significant decrease from the net cash provided of $3,849,000 in the prior year[25] - Cash and cash equivalents at the end of the period decreased to $60,561,000 from $64,457,000 at the end of the previous period[25] - Changes in operating assets and liabilities led to a cash outflow of $1,687,000, contrasting with a cash inflow of $6,148,000 in the same period last year[25] - The effect of exchange rate changes on cash and cash equivalents resulted in a loss of $2,303,000, compared to a loss of $5,579,000 in the previous year[25] - The net cash provided by financing activities was $4,000, compared to a net cash used of $13,000 in the previous year[25] Expenses and Investments - Research and development expenses were $2.9 million, reflecting ongoing product development efforts[10] - The company reported a depreciation expense of $116,000, up from $106,000 in the prior year[25] - Additions to property, plant, and equipment amounted to $182,000, an increase from $76,000 in the same period last year[25] - The company recorded stock-based compensation expense of $183,000, down from $339,000 in the prior year[25] - The recovery of credit losses was reported at $(998,000), compared to $(1,798,000) in the same period last year[25] Product Development and Market Strategy - The gross margin on equipment sales improved to 49.2%, compared to a gross loss of 15.8% in the same period last year[8] - UTStarcom introduced the new SyncRing XGM30E indoor PTP grandmaster product, expanding its product portfolio[2] - The company aims to expand its market share in China, achieving MII certification for its SkyFlux UAR500B-12X product[4] - The company collected $5.80 million from its major customer in India, leaving $5.75 million still outstanding[4]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SEC ...

Exhibit 99.1 UTStarcom Reports Unaudited Financial Results for Second Half and Full Year 2022 Hangzhou, March 24, 2023— UTStarcom ("UT," "UTStarcom" or the "Company") (NASDAQ: UTSI), a global telecommunications infrastructure provider, today reported its unaudited financial results for the six months and full year ended December 31, 2022, and provided a business update. Business Update • Progress in Collaboration with China Unicom Research Institute on Development of 5G Transport Network Solution. Following ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SEC ...

UTStarcom Holdings Corp. (NASDAQ:UTSI) Q3 2019 Earnings Conference Call November 8, 2019 8:00 AM ET Company Participants Gary Dvorchak - MD, The Blueshirt Group Asia Tim Ti - CEO Eric Lam - VP Finance Conference Call Participants Timothy Savageaux - Northland Capital Markets Operator Hello, ladies and gentlemen, thank you for standing by for UTStarcom's Third Quarter 2019 Earnings Conference Call. Please note that, we are recording today's conference call. I will now hand over the call to Mr. Gary Dvorchak, ...